When following traders on Twitter, Stock Twits, and other social media. it is important to do it for the purpose of learning to trade for yourself, not to be hand fed entries and exits. To be a successful trader you must learn to build your own system and trading plan that fits your […]
Some of the Best Traders On Twitter Read More »
Trading is a process of learning and relearning key lessons in psychology, risk management, and using a proper method. Trading is like building a wall with the right bricks and when you leave a brick out, the whole wall eventually collapses. Or if you use the wrong quality of bricks even though the wall
Be A Better Trader: 8 Steps Read More »
When you first get the big idea that you want to be a trader, you’re excited. Maybe you’ve finally found the road to easy money, you can be your own boss, do as you please, and all with the possibility to make a huge income. You can also start part time and
6 Things To Help You Keep Trading, When The Trading Gets Tough Read More »
I believe the imminent death of the Apple up trend has been greatly exaggerated. The hopes that it will crash and trade at an 8 P/E or be worth only 4 times cash on hand is a very low probability event. The extreme bearishness is simply absurd based on fundamentals,
Apple:12 Reasons Why The Fat Lady Hasn’t Sung Yet Read More »
1. Managing the risk of ruin. Do not risk so much on any one trade that 10 losing trades in a row will destroy your account. risking 1% to 2% of your trading capital per trade is a great baseline for eliminating the risk of ruin. 2. Only trade with
7 Things You Must Do to Win at Trading. Read More »
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” -George Soros One element of trading that is over looked as traders chase hot stocks, trends, and chart patterns is the importance of taking
Trading:The Secret Sauce Read More »
The following metrics are based on buying weekly October 20th options and just playing the earnings announcement only. Buying October 27 or September options and allowing a trend to run will give you more time for this trade to work out. But this post is for explaining option plays through
$GOOG Options And The Earnings Move Read More »
There are two different types of traders: those who win and those who whine. Whiners never win, and winners never whine. Trading is a tough business, and you have to maintain the right mindset to get through the rough spots when the market tries to buck you off your game plan and system. Mental strength,
The Top 10 Distinctions Between Winning Traders & Whining Traders Read More »
Lose your money,but keep your discipline. Trading is about following a method, system, or rules that give you an advantage over other market participants in the long run. There are good bets and bad bets. There are traders who follow a trading plan with discipline and others that start trading out of fear and greed
Trading: Mistakes versus Losses. 10 BIG MISTAKES Read More »
A draw down is a normal occurrence for a trader. Swing traders experience them in trending markets, trend traders experience them in choppy markets, day traders experience them in markets that whip saw violently, and growth investors experience them in bear markets and corrections. the key to surviving them
Surviving a Drawdown: 7 Steps Read More »
Charts are my best mentors and moving averages are my best teachers. Entering into Monday Morning I am long Apple with an in the money $610 strike weekly call option but I am hedged with an out of the money $620 weekly put. Like me many traders see indecision
$AAPL My Indicators & My Trading Plan Read More »
Every new trader loves to focus on entries, hot stocks, what to buy, what stock might double, and how long they want to hold their stock. Stops are a very neglected subject with new traders, the best shot many new traders give to an exit strategy is either a price target or a quick scalp
Where Do I Get In and Out of a Trade? Read More »
Here is a great article that appeared in Investor’s Business Daily discussing the historical limits Apple can get above the 200 day moving average before a correction. Interesting reading but it may or may not help with your specific trading style, for information purposes only. CLICK ON YELLOW HIGHLIGHTS IN
The 200 day $AAPL Moving Average & When High Prices are Too High Read More »
The market is at a cross roads, we are either at the bottom of a bull market or the beginning of a bear market. The up trend is still technically in place but the bears are fighting to bring us into an official down trend. Below or five key price levels
The Line in the Sand For Bulls Read More »
Like in the movie ‘Fight Club’ where there was a secret group of ‘fighters’ that loved what they did there is also a group of ‘traders’ in the market that love what they do so much that they win. In the markets there is a club of traders that make
If ‘FIGHT CLUB’ Was About Trading, These Would Be The RULES Read More »
One of the most frustrating things a trader can experience is being dead on right about a trade, taking it, BUT.. still losing money! How can this be? This can happen in five different ways, each of the first four contain a lesson for better planning the fifth way
5 Ways To Be Right About a Trade BUT… Still Lose Money. Read More »
“Stay Hungry, Stay Foolish.” -Steve Jobs Is the Apple monster stock run of the century over? Has the Fox Conn labor problems and the Samsung Galaxy 3 finished off the once mighty Apple? Without Steve Jobs is it just over, due to no innovation and a decline? Or is this
How Far Will The Apple Fall From The Tree? My Entry Plan. Read More »
“If you diversify, control your risk, and go with the trend, it just has to work.” -Larry Hite. We often hear of trading with an edge, but how do we know for sure we have an edge? How do we know that the odds are in our favor, and that the more we trade,
7 Ways to Trade With An Edge Read More »
This blog post is an excerpt from my book New Trader, Rich Trader. “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded
There are warning signs that a trader is going down the road road in a trade or in their trading in general. Traders have to go with the flow of the market, manage risk, and keep their mind open to actual price action. Departing from these principles
7 Warning Signs That A Trader Is In The Danger Zone Read More »